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China’s Ant Group set to raise more than $34bn in record IPO

Payments group poised to top Saudi Aramco’s haul after it priced in Shanghai and Hong Kong

Ant Group is set to raise more than $34bn after setting the price of shares in its initial public offering, putting the Chinese payments group on track to top Saudi Aramco as the biggest-ever market listing.

The financial technology company, controlled by Alibaba’s billionaire founder Jack Ma, wil